441 Main Road, Observatory

Listing Price : ZAR 2,750,000

Address : 441 Main Road Plot number : 27165
Suburb : Observatory Plot Size : 404 sq.meters
Bedrooms : 7 Floor Size : 354 sq.meters
Bathrooms : 6 Monthly Rates :
Parking : On Street Availability : 2015
Agent : Werner Steyn Present Rental Income : R25,000 per month

Features:441 Main Road, Observatory

Observatory property – ZAR 2,750,000 – Commercial property for sale in Observatory

* Two separate sets of offices upstairs, on the one side 3 offices with a kitchen and bathroom and on the other side 4 offices with a kitchen and bathroom. The nett rental income for these – now used as budget accommodation is R8000 per month.
* A restaurant / bar on the north-west corner of the building generates a nett income of R7000 per month.
* A clothing retailer in the middle downstairs generate a nett monthly income of R4000 per month.
* A very successful hairdresser catering for the African market generates a monthly nett income of R4000 per month.
* The property is in a fair condition, with the roof needing attention.
* The shop tenants have been renting here for the last 3 years with leases expiring in two years’ time.

 

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